WASHINGTON — U.S. commercial banks reported record trading revenues in the first three months of 2009, helped by seasonal patterns and strong demand.

The Office of the Comptroller of the Currency said banks reported trading revenues of $9.8 billion the first quarter, a stark turnaround from the $9.2 billion loss reported in the final three months of 2008. The notional amount of derivatives held by insured U.S. banks also rose, increasing by $2 trillion during the quarter to $202 trillion.

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